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Wednesday / December 4. 2024

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HomePosts Tagged "FMC" (Page 2)
Environment

FMC ranks 72nd on Barron’s top 100 list

FMC Corporation, a leading global agricultural sciences company, has made Barron’s annual list of America’s Most Sustainable Companies for the first time, and is the only agricultural company included on the list. 

“Sustainability has become a key indicator of company performance, not just for FMC but for any company looking to compete in the global marketplace,” said Mark Douglas, president and CEO. “FMC continues to invest significantly in sustainability across our company, from research and new product development to more efficient production, packaging and logistics around the world. We’re honoured to be included in this year’s list—it shows that our efforts are gaining traction and making a difference.”

The rankings, compiled by Calvert Research and Management, an investment management company specialising in responsible investing, evaluated the top 1,000 publicly held American companies by market value on their performance for five constituent groups: shareholders, employees, customers, communities and the planet. FMC ranks 72nd on Barron’s top 100 list.

“FMC has set ambitious goals over the past year that will challenge the way our company and business operate,” said Karen Totland, vice president and chief sustainability officer for FMC.

Barron’s is the second major publication this year to include FMC in its rankings of most sustainable companies.

FMC ranks 72nd on Barron's top 100 listFMC

Finance

Year-over-year sales grew 25 per cent organically

FMC Corporation has recently reported a record of fourth quarter 2021 results with revenue of $1.41 billion, an increase of 23 per cent versus fourth quarter 2020, driven by strong demand and pricing actions. Excluding the impact of foreign exchange, year-over-year sales grew 25 per cent organically. On a GAAP basis, the company reported earnings of $1.52 per diluted share in the fourth quarter, compared to $0.38 per diluted share in the fourth quarter 2020. Adjusted earnings were $2.16 per diluted share, an increase of 52 per cent versus fourth quarter 2020, and 16 cents above the midpoint of guidance.

“Our financial performance reflects the strength of our synthetic and biological portfolios, a healthy demand environment as well as accelerating price increases. Revenue growth was particularly robust in North America and Latin America,” said Mark Douglas, FMC president and chief executive officer.

Fourth quarter revenue growth was driven by 21 per cent contribution from volume and 4 per cent contribution from price with a 2 per cent currency headwind. FMC achieved higher pricing in all regions, with the highest benefit in the quarter coming from North America and Latin America. 

In Asia, revenue was down 3 per cent compared to fourth quarter 2020, primarily due to weather challenges in several countries, including China. This offset solid growth in Australia and India, as well as broad-based pricing actions in the region.

Year-over-year sales grew 25 per cent organicallyFMC